Page 3 of 8 Nov 2008 Issue of Lawrence Journal World in Lawrence, Kansas

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Lawrence Journal World (Newspaper) - November 8, 2008, Lawrence, Kansas November 2008 Lawrence journal world nation 3a running on fumes pm says it could run out of Cash by Tom Krisher associated press writer Detroit general the nations largest warned Friday that it May run out of Money by the end of the year after piling up billions in third Quarter losses and burning through Cash at an alarming Ford sustained heavy loss the situation is so pm has suspended talks to acquire Chrysler and is appealing to the government for help As the slumping Economy drags cars sales to their lowest level in a Quarter pm chairman and ceo Rick Wagoner said the com Pany will take every action possible to avoid bankrupt were convinced that the consequences of bankruptcy would be he adding that the company would use every source of potential we need to find a Way to get through and that really our he pm also planned More Job including another salaried and factory but company officials cautioned that those measures alone would not be enough and that Federal Aid is Essen Ford saw its Cash Supply decline rapidly and announced its own Job cuts but its in better shape because the company Bor rowed billions of dollars in 2007 by mortgaging its Facto the Dearborn based manufacturer said it had enough Cash to make it through fridays events called into question the future of Detroit three automakers and heightened pressure on the government to take top executives of general motors Chrysler Lac and the president of the Law met with congressional Lead ers thursday to discuss some billion More in participants the Loans would include billion to help the companies with stand the weak Economy and another billion for the Money would be in Addi Tion to the billion in Loans that Congress passed in sep tember to help retool Auto plants to build More fuel Effi client is global insight analyst George Magliano said the Cash problems reported by pm and Ford were worse than experts had and that raised the risk of its he said about the possibility of one of the automakers filing for chapter 11 up until we knew the Cash numbers were but we didst know How companies that run out of Cash generally can sell Cut costs or file for chapter 11 bankruptcy Protection to keep creditors at Bay while they pm has said it could fall Short of Cash needed to oper ate in the first few months of next and Ford has said it has about seven months of Magliano pm called off talks with Chrysler to concentrate on its own Lawrence l san Antonio Detroit new atty around the nation North Dakota Power Crews Battle aftermath of blizzard Crews fought mud and water Friday As they tried to restore Power after a fierce storm spread a wintry mix across the while authorities worked to remove Snow stranded vehicles that littered an interstate Highway hours after their occupants were blizzard warnings but thousands of customers in Rural areas remained without Power after freezing rain and High the Kodak Rural electric cooperative said it was trying to restore Power to about Rural Kodak president George Berg said that some areas got about 5 inches of and that the freezing rain and winds toppled Power lines and poles along a 40mile path in five our biggest obstacle is not the but All the mud and Berg one Crew in Northern Nelson county had to use a Motorboat to reach a downed Power pole sub merged in he North Dakotas Deer Hunting season opened and Steele county sheriff Wayne Beckman worried some Hunters could mistake Power Crews for Arizona accused of killing including dad an 8yearold boy is charged with murder in the shooting of his father and another Man a Rural Community in Eastern Ari authorities said the boy was charged with two counts of premeditated murder in the death of his 29yearold Vincent and 39yearold Timo thy Johns police chief Roy Melnick police arrived at the Home within minutes of the shooting Melnick they found one victim just outside the front door and the other dead in an upstairs the who prosecutors say had never been in trouble initially denied involve ment in the shooting but later Melnick police have not said what they think the boys motive Nebraska girl is 29th child left under Safe Haven Law Nebraska authorities say an 11yearold girl has become the 29th child to be left at a Hospi Tal under the states much Riti sized Safe Haven state child and families Divi Sion chief Todd Landry says the girl was left Friday morning at Bergan mercy Hospital in Shes from Douglas which includes Landry says the girl was dropped by her an 8yearold Indiana boy was left at the same Hospital thursday Nebraska Law says anyone can leave a child at a Hospital without fear of prosecution for the the Law uses the word child and Doest include an age a special session of the Nebraska legislature is scheduled for 14 to address the Richard photo traders on the floor of the new York Stock Exchange surround the Post that handles Wells after the closing Bell buyers returned to Wall Street after two Days of heavy mindful of the Economys growing problems but attracted by stocks lower stocks Rise after heavy Selling by Sara Lepro and Tim Paradis associated press writer new York buyers returned to Wall Street on Friday after two Days of heavy mindful of the Economys growing problems but attracted by stocks lower analysts said the Advance was to be expected As Wall Street experiences a Rocky recovery from octo Bers devastating the major indexes jumped More than 2 including the Dow Jones Industrial which Rose nearly 250 Points in Light for the the Dow and broader benchmarks like the Stan Dard poors 500 Index lost about 4 percent after surging 10 percent or More last fridays trading was a mini version of the markets performance Over the past two with investors then realizing there was Little basis in reality for their Resur gent then Chang ing their minds the Market briefly came off its highest Levels of the session after president elect Obama reiterated at a news conference that there is a great Deal of hard work to be done to restore the Economy to investors had optimistically sent prices Only to temporarily pull Back when Obama underscored what they already know that the Economys problems wont be easily George chief invest ment officer at Scott said Obama appeared to be trying to Tele graph to the Market not to expect too much immediate noting that he has until january before taking said he will work to support an economic stimulus plan and will seek ideas for helping the Auto my expectation is that he Lowers the bar and buys the Shipp certainly there is no reason to create any undue expectations right the Market fluctuated after Obama then righted itself to close near its Best Levels of the Hank chief invest ment officer at Haverford investments said the markets turns Arent a i think its absolutely part of the bottoming Smith the 10 Low has been tested again a num Ber of the Blue chips hit an int Raday Low of on fridays economic and corporate news reminded the Market that the country could be in for a deep and protracted the labor department said the nations employers Cut jobs in hurtling the unemployment rate to a 14year High of the Market had expected employers to Cut jobs and for the unemployment rate to Rise Ford motor reported a million third Quarter loss and announced plans to Cut More than additional White Collar general motors said it lost billion in the Quarter and warned it could run out of Cash in although the Days news was on its face worse than investors were drawn by prices beaten Down the past two sessions and some Relief that the reports we rent More were coming off of a very oversold Market that had already braced itself for bad news out of Detroit and certainly bad economic data in terms of the labor said Peter chief Market economist at Avalon army looking into Recruiter suicides by Michelle Roberts associated press writer san Antonio the army has agreed to investigate a Dis proportionate Cluster of suicides among recruiters in an East Texas As Well As allegations by other soldiers and family members that they were pressured to cover up serious problems in the Bat army Secretary Pete Geren seventeen army recruiters have committed suicide nation wide since but four of them were from the Houston recruiting which recruits soldiers from East a fifth Houston area sol Dier killed but he was assigned to the army future Soldier training there Are 38 recruiting battalions nationwide with the army suicide rate has been climbing As the War in Iraq has forced multiple and longer last the army suicide rate was per the highest since the service started keeping records in that still lower than the civilian rate of per the investigation was sought by John who heard from sol Diers and family members after the Houston chronicle reported the Cluster of suicides earlier this Frank Turner has been assigned to investigate the Recruiter suicides and the coverup Geren told Cornyn in a letter dated a psychologist and equal employment officer talked to members of the Houston battalion in mid said Douglas spokesman for the army recruiting Sunflower Channel 1 he on demand 1 i i five for the Price of r i release he on demand movies the newest movies and classic Hollywood hits Jef v available in he whenever you want to watch v i plus free he on demand Content tune to channels today for the Best in he entertainment l s Uji f 1 o w e r b r o a d b a n d world class Hometown 1 riverfront suite is 66044 based on average Cost of Blurry he

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